The fundamental principles of financial regulation

Submitted on 25th June 2015

Besides our key recommendations on macro-prudential measures and mark-to-funding, we make proposals on a whole series of minor issues, such as the role of stress tests, the adoption of maximum loan-to-value ratios in mortgage markets, etc., etc. These are gathered up and reported in our conclusion. Overall our intention is to develop a program of practical initiatives that could better attack the key features of externalities and systemic failure in financial markets.

Geneva Report on the World Economy
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74 pages
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Markus Brunnermeier, Princeton University, Andrew Crocket, JPMorgan Chase, Charles Goodhart, London School of Economics, Martin Hellwig, Max Planck Institute, Avinash D. Persaud, Chairman. Intelligence Capital Limited, Hyun Shin, Princeton University
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